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German BMW and French Airbus said they will transfer production outside the UK if London does not soon agree on terms for withdrawal from the EU, the BBC reported. The head of the British branch of BMW, Ian Robertson, said that the company, which employs about 8 thousand people in Britain, is ready to wait until the end of summer, which will make Britain less competitive. Airbus Corporation, whose British enterprises employ 14,000 people, said that if the agreement on the transition period is not reached, it will also have to postpone production. Britain officially withdraws from the EU on March 29, 2019, and the British government insists that it will be able to achieve a profitable agreement.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
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